SAN Miguel Corp. (SMC) topped The Manila Times 500 2020 edition, which will be launched today, April 27, 2021.

It was the third time that SMC led The Times' list of top Philippine companies.

The publication provides extensive financial information on the country's top corporations and analyses of pivotal industries.

The third edition can be considered a polished magnifying glass for policymakers, venture capitalists and industry leaders to discern a strategic path to growth.

As the numbers will show, powerhouse conglomerates remain strong in the face of adversity through agile leadership and diversification.

While some analysts might be quick to throw the gains and lessons of the pre-pandemic period out of the proverbial window in the face of unprecedented and dismal fiscal projections, so-called prophets of doom and forecasters of boom, should be keen to see how the top 10 conglomerates in the Philippines managed to stay in that illustrious table, with a few switching of chairs.

Another sign of a promising pathway is the entry of more than a hundred new companies on the Top 500 list, ranked according to consolidated revenues for 2019.